Corporate Governance

In order to achieve effective corporate governance, NIBC has organized the company in a way that promotes constructive and transparent cooperation between our shareholders, our Supervisory Board with its four subcommittees and our Managing Board.

Trust, professionalism and integrity are key elements of NIBC's corporate governance, as they are in NIBC’s business as a whole. These key elements ensure that the controls and oversight necessary for effective risk management, proper compliance with regulations, and accurate and complete disclosure of information to the market are in place and functioning well.

NIBC has a two-tier board structure consisting of a Supervisory Board and a Managing Board. Our two-tier board ensures we have the proper checks and balances in place within the organisation. The Managing Board is responsible for the day-to-day management of the business operation and the strategy. The Supervisory Board is responsible for the supervision on the activities of the Managing Board and advising the Managing Board.

The members of the Supervisory Boards (and the committees of these boards) of NIBC Holding N.V. and NIBC Bank N.V. are the same, as are the members of the Managing Boards of NIBC Holding N.V. and NIBC Bank N.V.